Stock On the Move: Stocks On The Move

Stocks Rise on Heavy Volumn

RadioShack Corp. (RSH): the nations top consumer electronic retailers soared 23.26% to $16.96 per share after the company named new cheif executive Julian Day who made a dramatic turnaround for KMart. The stock made a turnaround after the announcement as it reversed the year long downtrend which began February of last year at near $35 per share all the way down to 52 weeks low of $13.73 yesterday. The stock was the biggest winner and the seven heaviest traded on NYSE today with 19 million shares traded or 10 times average volumn. This is a perfect time to buy the stock as its P/E is relatively low at 10.99 compared to it's rival Best Buy(21.75) and Circuit City(28.57).
Digitas In. (DTAS): shares of Boston based interactive media and marketing company surged 8.93% or 93 cents to $11.34 per share on analyst upgrade citing buying opportunity due to recent slump on speculation that major clients may flee alway. The sell-off which began in May send the stock from almost $15 per share down to $10.41 per share yesterday, losing 30% in just two months. The positive comment from the analyst should help regain investor confidence and sparks more buying. The stock was the fifteenth leading gainer on Nasdaq today.

Stock Drop on Heavy Volumn

NMS Communications Corp. (NMSS): shares of Framingham, Massachusetts based telecommunications equipment maker plunged 33.43% to new 52 weeks low of $2.45 per share after the company issued warning saying the second quarter result will be below analysts estimates. The stock was the second biggest loser on Nasdaq today with 5.5 million shares traded.
WebMethods Inc. (WEBM): shares of the Fairfax, Virginia based business integration software maker tumbled 31.94% or $3.06 to $6.52 per share as the company reversed its forecaset for the first quarter from profit to loss on lowered revenue. The stock was teh third biggest loser on Nasdaq today with 7.8 million shares traded or 8 times average volumn. The loss today erased all the gains which began last year in October.

Stock On the Move